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  • Volatility In International Oil Prices Has Increased International oil price fluctuates recently, 8 days rise significantly. Light crude for November delivery ended the day up $1.24, or 3.10%, at $41.19 a barrel on the New York Mercantile Exchange. Brent crude for December deliver...
  • The Constituent Assembly Authorized Maduro to Secretly Sign Oil Agreements to Deal With U.S. Sanctions The committee of Venezuelas constituent Assembly approved a law Wednesday that allows President Nicolas Maduro to privately sign new oil deals with private companies and other co...
  • Global Energy Companies Are Cutting Back On Oil And Gas Exploration The coVID-19 outbreak has led to a sharp drop in energy demand and oil and gas prices, leading energy suppliers around the world to put the brakes on oil and gas exploration projects and stop rushing to develop ne...
  • Saudi Aramco Has Gone The Other Way And Boosted Production The coVID-19 outbreak has led to a collapse in oil demand and depressed international oil prices, leading many energy suppliers around the world to reduce crude production and cut exploration projects. But Saudi Aramco, Sa...
  • Venezuela Announces Gradual Normalization of Gasoline Supplies Venezuela will gradually normalize its gasoline supply from next week, resuming operations at more than 1,500 gas stations across the country, Oil Minister Isaimi said Tuesday. Aissami said at a press conference on the...
  • Opec: Energy Demand To Grow By A Auarter in 2045 The Organization of The Petroleum Exporting Countries (Opec) released its 2020 World Oil Outlook on October 8 local time, predicting that global primary energy demand will continue to grow in the medium to long term, rising by about...
  • Global LNG Trade Shifts To Buyers Market Liquefied natural gas (LNG) has been stagnant since May against the backdrop of continued oversupply in the oil and gas market due to the COVID-19 outbreak. Given the overall poor environment, it is widely believed that new LNG export proje...
  • The World Bank Raised Its Forecast For Chinas Economic Growth This Year Chinas economy will grow by 2% this year, up 1 percentage point from the 1% forecast at the beginning of June, the World Bank said in a report on the economic situation in East Asia and the Pacific region rele...
  • General Administration of Customs: The New Mode of Release Before Inspectio n Will Be Implemented For Crude Oil Import from Next Month Reporters learned from the General Administration of Customs, since October 1, the customs on the import of crude oil inspection and supervision o...
  • Global Week (2020.9.29) Canada has spent nearly $240 million to aid the offshore oil industry Canadas Natural Resources Ministry said on Thursday it would spend $239 million to support its offshore oil industry. The money is designed to support jobs and can be used for maintenance...
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